Genesis Financial Solutions

Discussion in 'Credit Talk' started by kbanger, Jul 30, 2002.

  1. kbanger

    kbanger Well-Known Member

    I had a charge off with FCNB of 728, Genesis says they will settle for 450, delete the FCNB and update theirs to paid in full. Should I take it? They have validated the debt.
     
  2. darkdoj

    darkdoj Well-Known Member

    Try for as low as a settlement as you can go, why not. If you have the $450, I'd pay it. If not, see sentence above.

    ALWAYS ask for deletion from your credit. If you don't want it deleted, ask that it be marked paid/as agreed/closed or something to that affect.
     
  3. tix

    tix Well-Known Member

    Get it in writing from both FCNB & the CA. I had a collection agency promise this in writing, and now FNB Omaha says the CA did not have the authority to do this. MAKE SURE TO GET IT IN WRITING FROM BOTH!

    tix
     
  4. charlieslex

    charlieslex Well-Known Member

    Did Genesis properly validate? I would send them a validation letter and they will eventually delete. They are idiots. Charlie
     
  5. picantel

    picantel Well-Known Member

    I would go for a total deletion of everything. A settled cc is about as bad as bankruptcy(actually it may be worse). Also, did you call and tell them that you got their validation because if they did not send it with tracking or certified then hey, it never existed.
     
  6. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    Not to hijack this thread but what if you are negoting with the OC and the CA that they hired are the only ones reporting. Should I get the OC to put in writing that the CA will delete upon payment? Should I get something in writing from the CA as well?
     
  7. Goaldriven

    Goaldriven Well-Known Member

    Im working with them too. How old is your chargeoff/date of last activity?
     
  8. Mommy2cats

    Mommy2cats Well-Known Member

    For all of those dealing with Genesis - you might want to check out this thread over at BayHouse:

    http://www.bayhouse.com/credit-forum/showthread.php?s=&threadid=883[\url] Mommy2cats
     
  9. QUEEN_BEE

    QUEEN_BEE Well-Known Member

     
  10. Mommy2cats

    Mommy2cats Well-Known Member

    Thanks for fixing that Love! I'd not had any coffee yet so figured I'd deal with why I couldn't get it to work after that...

    Mommy2cats
     

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